Today is the Lantern Festival, and I wish everyone a joyful celebration! Did the market makers hand out money last night?

Tonight, we have CPI data and a speech from the Fed official at 11 p.m. I personally believe the chances of liquidity injections are quite high. BTC positions at 93,888/92,588/91,566 remain strong entry points. Market makers may take phased actions, while contract traders should manage their own risk. If I step in and the price retraces, it could wipe out positions!

The Fed’s speech has a significant impact on the crypto market. Last night, most assets dropped near the third support level. Today’s rebound is unlikely to be strong since the speech is still ahead. Take the day to rest and spend time with family!

Intraday Strategy

For BTC, watch the 95,566 level. If the price fails to hold above this point, the market remains weak. Key support levels for potential long entries: 94,866/93,888/92,688. A meaningful rebound will only begin if BTC holds above 95,566 on the 1-hour chart. Resistance levels to watch: 96,366/97,280/97,958.

For ETH, the key level is 2,588. If ETH cannot hold above this, upside momentum remains weak. Support levels to monitor: 2,556/2,518/2,486. A real rebound will start only if ETH stabilizes above 2,588 on the 1-hour timeframe. Resistance levels: 2,626/2,666/2,692.

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